Financial Statements — QUBT
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.19 | 0.26 | 0.35 | 0.35 | 0.17 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Short-term Investments | 0.77 | 0.73 | 0.20 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- |
| Inventory | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 0.99 | 1.01 | 0.56 | 0.35 | 0.17 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | -- | -- | -- | -- | -- | -- |
| Property, Plant & Equipment | 0.04 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Goodwill | 0.18 | 0.15 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.07 | 0.06 | 0.06 | 0.06 | -- | -- | -- | -- |
| Intangible Assets | 0.03 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.03 | -- | -- | -- | -- |
| Total Non-current Assets* | 0.65 | 0.62 | 0.34 | 0.08 | 0.08 | 0.07 | 0.07 | 0.07 | 0.08 | 0.08 | 0.08 | -- | -- | -- | -- | -- | -- |
| Total Assets | 1.64 | 1.62 | 0.90 | 0.43 | 0.24 | 0.08 | 0.08 | 0.08 | 0.09 | 0.09 | 0.09 | 0.10 | 0.09 | 0.01 | 0.01 | 0.01 | 0.01 |
| Accounts Payable | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Current Liabilities | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 0.03 | 0.01 | 0.02 | 0.03 | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- |
| Total Liabilities | 0.05 | 0.02 | 0.02 | 0.03 | 0.02 | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Retained Earnings | (0.23) | (0.22) | (0.22) | (0.22) | (0.18) | (0.15) | (0.14) | (0.14) | (0.14) | (0.13) | (0.13) | (0.10) | (0.09) | (0.09) | (0.07) | (0.06) | (0.06) |
| Total Stockholder Equity | 1.59 | 1.60 | 0.88 | 0.40 | 0.22 | 0.06 | 0.07 | 0.07 | 0.08 | 0.08 | 0.08 | 0.08 | 0.09 | 0.01 | 0.01 | 0.01 | 0.01 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 5.55 | 3.69 | 0.20 | 0.38 | 0.06 | 0.04 | 0.06 | 0.10 | 0.18 | 0.03 | 0.07 | 0.05 | 0.11 | 0.12 | 0.00 | 0.04 | 0.07 | 0.03 | -- | -- |
| Cost of Revenue | 6.72 | 4.41 | 0.30 | 0.26 | 0.04 | 0.03 | 0.03 | 0.09 | 0.13 | 0.02 | 0.06 | 0.02 | 0.05 | 0.06 | 0.02 | 0.02 | 0.01 | 0.01 | -- | -- |
| Gross Profit | (1.17) | (0.72) | (0.10) | 0.13 | 0.03 | 0.01 | 0.03 | 0.01 | 0.06 | 0.01 | 0.01 | 0.03 | 0.06 | 0.06 | (0.02) | 0.01 | 0.06 | 0.02 | -- | -- |
| Research & Development | 8.43 | 6.97 | 7.00 | 4.51 | 5.98 | 2.99 | 4.76 | 2.24 | 2.09 | 2.22 | 4.07 | 1.70 | 1.58 | 1.53 | 1.42 | 1.27 | 0.85 | 1.02 | 0.78 | 0.61 |
| Selling, General & Admin | 11.49 | 11.26 | 13.82 | 5.23 | 3.54 | 4.64 | 3.61 | 2.84 | 2.80 | 3.66 | 11.00 | 1.32 | 1.06 | 1.24 | 2.79 | 2.72 | 2.08 | 1.14 | 0.23 | 0.63 |
| Total Operating Expenses | 21.85 | 19.83 | 22.12 | 10.53 | 10.20 | 8.30 | 8.95 | 5.45 | 5.33 | 6.33 | 6.94 | 7.69 | 3.92 | 7.85 | 18.21 | 6.85 | 4.87 | 6.73 | 4.63 | 4.78 |
| Operating Income | (23.01) | (20.55) | (22.22) | (10.40) | (10.17) | (8.29) | (8.91) | (5.44) | (5.27) | (6.32) | (6.93) | (7.67) | (3.86) | (7.79) | (18.23) | (6.83) | (4.81) | (6.71) | (4.63) | (4.78) |
| Pretax Income | (11.75) | (4.05) | (1.56) | 2.38 | (36.48) | 16.98 | (51.24) | (5.67) | (5.19) | (6.44) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (11.75) | (4.05) | (1.56) | 2.38 | (36.48) | 16.98 | (51.24) | (5.67) | (5.19) | (6.44) | (5.60) | (8.28) | (4.64) | (8.51) | (18.79) | (7.57) | (5.10) | (7.13) | (15.62) | (4.78) |
| Basic EPS | (0.05) | (0.02) | 0.01 | 0.01 | (0.26) | 0.13 | (0.53) | (0.06) | (0.06) | (0.08) | (0.06) | (0.11) | (0.07) | (0.14) | (0.06) | (0.22) | (0.17) | (0.24) | -- | -- |
| Diluted EPS | (0.05) | (0.02) | 0.03 | 0.01 | (0.26) | 0.11 | (0.53) | (0.06) | (0.06) | (0.08) | (0.06) | (0.09) | (0.05) | (0.11) | (0.11) | (0.22) | (0.17) | -- | -- | -- |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | (13.87) | (9.42) | (11.02) | (8.74) | (6.10) | (4.43) | (3.77) | (4.58) | (4.01) | (3.85) | (3.68) | (4.85) | (5.07) | (4.72) | (5.99) | (2.99) | (4.38) | (4.19) | (1.94) | (2.19) |
| Capital Expenditures | 2.67 | 1.82 | 1.16 | 2.78 | 1.02 | 1.73 | 2.87 | 0.51 | 1.08 | 1.58 | (0.05) | 1.58 | 0.20 | 0.38 | 0.59 | 0.16 | 0.12 | 0.00 | 0.01 | 0.00 |
| Free Cash Flow* | (16.54) | (11.24) | (12.17) | (11.52) | (7.13) | (6.16) | (6.64) | (5.09) | (5.09) | (5.43) | (3.63) | (6.43) | (5.28) | (5.10) | (6.58) | (3.15) | (4.50) | (4.20) | (1.95) | (2.19) |
| Investing Cash Flow | (55.48) | (474.25) | (322.16) | (463.41) | (1.02) | (1.73) | (2.87) | (0.51) | (1.08) | (1.58) | 0.12 | (1.64) | (0.71) | (0.38) | 84.01 | (1.41) | (83.58) | (1.24) | (0.03) | -0.00 |
| Financing Cash Flow | 0.79 | 3.51 | 718.62 | 475.83 | 189.46 | 93.65 | 82.52 | 5.63 | 1.52 | 9.47 | (1.76) | 6.67 | 6.22 | 6.55 | (83.09) | 8.04 | 83.19 | 0.21 | 8.28 | -0.00 |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 |
|---|
| Dividends Per Share | 0.00 | 0.00 | 0.00 | 7.00 | 0.00 | 0.00 | 0.00 | 7.00 |
